DEBT COLLECTION
Council To Review £20m Debt Recovery Headache
Dudley Council is chasing an eye-watering £20m in unpaid debts owed for more than three months despite battling a financial black hole.
The authority is...
ECONOMY
Self Employed Tradespeople owed £3.5Bn in Late Payments
BILLIONS of pounds in late payments are owed to self employed tradespeople across the UK, according to new research from Ford Pro. The vehicle manufacturer’s...
Number of Insolvent Businesses decreases by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower...
FINANCE
SME Late Payments increase by 48% says New research
Over 3.6 million (72%) small and medium-sized enterprises (SMEs) have some form of outstanding late payment from customers, leaving them £96,772 out of pocket...
INTERNATIONAL
EU Late payment reforms to be scrapped
The European Commission is reportedly set to scrap a controversial overhaul of EU late payment rules after a lack of support from several EU...
FEATURED NEWS
LATEST NEWS
Company Insolvencies drop by 5% for the year 2024
Annual figures from the Insolvency Service have shown that there were 23,872 registered company insolvencies in England and Wales in 2024 a fall of...
